Operator

Greetings, and welcome to the Bright Horizons Family Solutions First Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Michael Flanagan, Group Vice President, Strategic Finance. Please go ahead.

Michael Flanagan
Sr. Director of Investor Relations

Thank you, Stacy, and welcome to Bright Horizons First Quarter Earnings Call. Before we begin, please note that today's call is being webcast, and a recording will be available on the Investor Relations section of our website, investors.brighthorizons.com.

As a reminder to participants, any forward-looking statements made on this call, including those regarding future business, financial performance and outlook, are subject to the safe harbor statement included in our earnings release. Forward-looking statements inherently involve risks and uncertainties that may cause actual operating and financial results to differ materially and should be considered in conjunction with the cautionary statements that are disclosed in detail in our earnings release, our 2025 Form 10-K and other SEC filings. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statements.

Today, we'll also refer to non-GAAP financial